Projects must have a demonstrable funding gap, be located in Scotland and have the potential to provide economic benefits to Scotland. Consideration will be given to both the short and long-term economic impact of projects, and will include a focus on both the fit with the Scottish Government’s Energy Strategy and the impact.
Projects must be able to evidence the expected carbon emission reduction associated with the project and use no more than 20% fossil fuels (including gas) within the primary fuel source for generation projects
The fund will not fund R&D, feasibility or pre-development costs.
Community energy projects
Our team has significant experience of the complexities of community-owned renewables initiatives, and work closely with the Scottish Government’s Community and Renewable Energy Scheme (“CARES”) and Local Energy Scotland.
Applications are welcome from community groups and/or national or regional organisations which are not profit-distributing (typically charitable bodies such as housing associations).
Commercial energy projects
Applications are welcome from projects developing energy projects that result in significant carbon reductions. Projects must be committed to the principle of community benefit as outlined in the Scottish Government’s good practice guidelines.
Continued support for existing REIF portfolio companies
EIF will consider follow-on commercial investment into companies within the REIF current portfolio. Investment decisions will be made on a fully commercial basis and on the merits of the individual opportunity.
How to apply